The invention relates to a latex paint with no volatile organic compound and the method for preparation, which is built-up with the following component by weigh share, 10-40 shares of water, 0.2-1.0 shares of disperser, 0.2-1.0 shares of thickener, 0.2-1.0 shares of defoamer, 5-30 shares of colourant, 10-50 shares of packing, 15-30 shares of film forming material, 0.2-0.8 shares of other adjuvant. Mixing adequately said component and then filtering, it can be prepared. No need of adding film forming adjuvant, antifreeze compound and solvent, the prepared latex paint solves the problem of film forming in a low temperature and cold stability of paint, and it contains no VOC, environmental protection property good, durable against pollutions, scouring resistance strong, water-proof, dust-proof and fungus-proof property nice, and air permeability good. The preparation technology in the invention is simple and cost low, and it is easy to carry out and spread.